WARSAW (Reuters) – Poland’s central bank governor Adam Glapinski will hold a press conference on Thursday at 1300 GMT, the National Bank of Poland said in a statement on Monday. The central bank will announce its decision on interest rates on Wednesday. (Reporting by Anna Wlodarczak-Semczuk)
LUSAKA (Reuters) -Zambia will not be paying its $750 million euro bond due in September until new terms of payment are agreed between the government and bondholders, its Finance Minister Situmbeko Musokotwane said on Sunday. The International Monetary Fund (IMF) on Thursday approved a $1.3 billion, 38-month loan programme, a step taken after its main …
Zambia not to pay euro bond due in September – Finance Minister Read More »
By Francesco Zecchini CERNOBBIO, Italy (Reuters) – Italy should not take on more debt to respond to the energy crisis but it should be able to amend its European Union-backed recovery programme to ease pressures, Brothers of Italy leader Giorgia Meloni said on Sunday. Meloni’s party is the largest in a centre-right alliance on course …
Italy’s EU funding plan can be modified – Meloni Read More »
SYDNEY (Reuters) -The Australian government favours lifting the income threshold for some temporary migrants, Skills and Training Minister Brendan O’Connor said on Sunday, as it works to tackle widespread shortages of workers. The issue of skilled migration was a focus at this week’s government jobs summit where Prime Minister Anthony Albanese urged compromises between employers and …
Australia government favours boosting temporary skilled migrants’ pay Read More »
By Howard Schneider (Reuters) – Federal Reserve officials have acknowledged that the battle against inflation will be paid for with lost jobs, and the U.S. central bank will need an unlikely combination of events to keep those losses to a minimum as interest rates continue to rise. Economists assessing the trade-off facing the Fed estimate …
Fed’s job-friendly ‘soft landing’ hinges on history not repeating Read More »
(Reuters) – A large interest rate hike could be in store from the European Central Bank to combat soaring inflation. Crude markets are zeroed in on oil producing group OPEC’s latest meeting, while a new leader in Britain confronts a barrage of economic challenges. Here is a look at the week ahead in markets from …
By David Lawder and Christian Kraemer (Reuters) -Group of Seven finance ministers agreed on Friday to impose a price cap on Russian oil aimed at slashing revenues for Moscow’s war in Ukraine while keeping oil flowing to avoid price spikes, but Russia vowed to halt sales to countries imposing it. The ministers confirmed their commitment …
G7 ministers forge ahead with Russian oil price cap, details thin Read More »
MEXICO CITY (Reuters) – The Bank of Mexico may need to continue tightening monetary policy to bring down inflation, said Gerardo Esquivel, a member of the central bank’s board. In an interview with Mexican news outlet Excelsior, Esquivel said the bank’s board “may need to go a little further in the restrictive zone” to guarantee …
Mexico monpol may need to become more restrictive yet, cenbanker says Read More »
By Nina Chestney A global surge in wholesale power and gas prices means households across Europe face much higher energy bills this year and beyond, with the region’s most vulnerable exposed to fuel poverty, consumer groups say. WHY THE HIGH PRICES? Energy companies pay a wholesale price to buy the gas and electricity they sell …
Explainer-Why Europe faces climbing energy bills Read More »
A look at the day ahead in European and global markets from Tom Westbrook The seasons are turning but markets not so much. Asia has met a limp lead from Wall Street with little confidence, as things slip into a holding pattern ahead of today’s U.S. jobs data and then a long weekend in the …
